Your expiring policy(s) have been written under a CLAIM-MADE POLICY.  The policy only applies to covered claims that occur between your retroactive date and the end of the policy period.  The policy applies only to claims first made against an insured and reported to us on or after the inception date and before the end of the policy period.

It is important that you maintain continuous coverage.  Failure to renew your coverage with us by January 31, 2011 will result in the loss of your current retroactive date (which provides prior acts coverage).  This means there will be no coverage for claims arising out of real estate activities, as defined in your policy, prior to any new retroactive date.  Instead coverage, if any, will only apply to real estate activities that take place on or after any new retroactive date. 

If you are not renewing your coverage with us for any reason or decide to renew after January 31, 2011 you should consider purchasing an Extended Reporting Period Endorsement (“ERP Endorsement”), otherwise known as “tail coverage”.  The ERP Endorsement extends for up to (3) years the time in which you may report certain claims alleging wrongful acts that were committed after your current retroactive date and before your coverage expired on January 1, 2011.  The ERP Endorsement does not extend the policy period and does not change the scope of coverage under the expiring policy. 

The cost for the ERP Endorsement is 200% of the annualized premium you paid for coverage that expired on January 1, 2011.  To purchase the ERP Endorsement, please send a written request, along with your payment to us by March 31, 2011.  If we receive your request after March 31, 2011, we cannot issue the ERP Endorsement to your expiring policy.

DISCLAIMER: All products are underwritten by insurance subsidiaries or affiliates of Chartis, Inc.  The descriptions herein are summaries only.  They do not in any way amend any coverage(s) you may have purchased, and do not include all terms, conditions and/or exclusions of the policy(ies) described herein.  Please refer to the actual policy(ies) for full terms, conditions, and exclusions and complete details of coverage(s).  All submissions are subject to underwriting guidelines.